Crypto Twitter This Week: Revenge of Memecoins

After back-to-back high-octane weeks for the cryptocurrency industry, this week brought some much-needed surreal absurdity and downbeat optimism. That is, in the form of several flying meme coins.

First, it comes shortly after the death of a famous Bitcoin hater and Berkshire Hathaway vice chairman (he’s talking coldly for about 15 minutes). charlie munger Tuesday, a memecoin named after him. It soared by a whopping 31,000%.—Before that, of course. fall to zero. Before the fall, degens poured $4 million into the token.

Just one day later, controversial American diplomat Henry Kissinger passed away at the age of 100. Kissinger themed coins Across 3 blockchains (Would you choose the best? There is no doubt. Kissinger69ObamaBidenInu420). In total, Kissinger coins had a trading volume of over $250,000.

Not to be outdone, Elon Musk made a prominent (even for him) public appearance at an event. new york times Thursday’s event explicitly said “go fuck yourself” to Twitter advertisers, who repeatedly increased the number of the world’s richest people and recently abandoned the platform after Musk made anti-Semitic posts.

Within hours, the explosion killed scores of people. “Go fuck yourself” memecoinIt also includes a company with a market capitalization of $7.28 million. It’s nothing to laugh about.

Could this week’s influx of highly capitalized ridiculousness bode well for hopes that a cryptocurrency bull market is imminent?

Well, in adult news, there are growing signs that the Securities and Exchange Commission (SEC) is coming soon. finallyAbout the decision on the highly hyped spot Bitcoin ETF early January.

Analysts are bullish on the financial product, which they estimate could bring in over $1 trillion into the cryptocurrency market from traditional financial institutions and investors. Best everDreams of an optimistic future ahead dominated the prevailing mood on Crypto Twitter.

Edited by Ryan Ozawa.